South Africa Advanced Suspension Control System Market Overview and Growth Trends

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South Africa advanced suspension control system market is experiencing rapid growth, driven by increasing consumer demand for high-performance and luxury vehicles. As major South African automotive manufacturers integrate active suspension systems to improve vehicle handling, stability, and comfort, the market benefits from technological advancements and government support for automotive innovation. Local companies are adopting smart suspension technologies to meet consumer expectations, enhancing safety and comfort features. Additionally, South Africa's focus on connected and autonomous vehicles creates favorable conditions for the advanced suspension market as suspension systems are a critical component in these next-generation vehicles.

According to MRFR analysis, the global Advanced Suspension Control System Market is expected to register a CAGR of ~ 9% from 2022 to 2030 and hold a value of over USD 22.60 billion by 2030.

The advanced suspension control system is cast-off for maintaining the vehicle body and enhance ride comfort. The comfort level of the ride is improved for the driver by mitigating the acceleration of the body. It can familiarize with the vehicle's leveling and damping characteristics that improve the car's comfort and manages presentation and driving safety.

The rapid technological advancements and growth. COVID-19 has a foremost impact on the advanced suspension control system market. COVID-19 led to supply chain disturbances and impeded advanced suspension control systems during the pandemic. The decay in the demand for automobiles and volatility in raw material prices damagingly affected the market. However, production is anticipated to regain its pace during the post-pandemic scenario.

Regional Analysis

South Africa dominates the advanced suspension control system market since of the existence of a large number of luxury vehicle manufacturers within the region.

Asia-Pacific is anticipated to witness significant growth during the forecast period of 2022 to 2030 owing to rapid technological advancements. 

Market Segmentation

The Global Advanced Suspension Control System Market has been segmented into the Product type, and Vehicle type

Based on the Product Type, The Global Advanced Suspension Control System Market has been segmented into Semi-Active Suspension Systems and Active Suspension Systems.

Based on the Vehicle Type, The Global Advanced Suspension Control System Market has been segmented into Passenger Car, LCVs (Light Commercial Vehicle), and HCV (Heavy Commercial Vehicles)

Key Players

Some of the key market players are Lord Corporation (U.S.), Schaeffler AG (Germany), ZF Friedrichshafen AG (Germany), and Magneti Marelli S.p.An (Italy), Hitachi Automotive Systems (Japan), Continental AG (Germany), ThyssenKrupp AG (Germany), Infineon Technologies AG (Germany), BWI Group (China), The Mando Corporation (South Africa), and others.

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